ST. PETERSBURG – Mortgage Investors Corp. laid off nearly 500 workers, including 256 in its St. Petersburg headquarters, and stopped making new home loans in a stunning pullback Monday.
Coping with debt when you’re laid off.. Creditors may agree to ease loan terms when workers need the help to survive a jobless spell.. When laid-off workers call before they’ve missed a.
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BankUnited executives divulged more information on the bank’s decision to stop originating mortgages during its fourth quarter conference call Thursday morning, an article in the South Florida.
Bank of America (BAC) is laying off hundreds of workers from a unit that services troubled mortgages. The bank will lay off 411 Dallas-area workers from its Legacy Asset Servicing unit, the company said Monday. The layoffs will take place Sept. 30 and the workers affected will be offered severance pay and benefits, it said.
An Austin, Texas-based mortgage lender plans to hire about 50 employees laid off in early May from Live Well Financial, including three of its top executives.
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Since the start of the year, more than 40,000 workers have lost their jobs at mortgage lending institutions, as companies respond to the deep downturn in the housing market. Meanwhile.
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BankUnited has stopped offering retail residential mortgage loans to consumers and laid off some of its workers. South Florida’s largest locally based bank said new residential mortgages weren.
BankUnited will no longer offer retail residential mortgage loans to consumers, according to an article in the Miami Herald.. The South Florida bank announced it also laid off some its workers.
About SunTrust Banks Inc.: SunTrust Banks, Inc. is large bank holding company. As of 2016, SunTrust Bank operates 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. The bank’s primary businesses include deposits, credit cards, landing and trust and investment services.